Samson Bankruptcy Trust Loses $7.2 Billion Sale Clawback Suit

A settlement trust in the 2015 Samson Resources Corp. bankruptcy failed to show that the energy company’s former owners received an unjust windfall when they sold its main business assets to a KKR & Co.-led investor group for $7.2 billion, a judge ruled.

Members of the billionaire Schusterman family didn’t receive an overly inflated sum when they sold much of their family’s oil and gas business to a private equity consortium in 2011, Judge Brendan L. Shannon of the US Bankruptcy Court for the District of Delaware ruled Wednesday. The judge rejected the trustee’s allegations that the sale was ...